Tuesday, February 14, 2017

MD89

15/2/2017

12.25 -- Scale in 1/3rd of planned position nifty short at cmp 8734 with SL 30 min close above 8800 for tgts 8650-8580-8525-8450. Can add more lots when proper set ups arise as the index moves in direction of the trade.

16/2/2017 --

11.30 --  The SL on this trade now stands at 8770 (30 min closing basis), above which there may be a case for reversing the trade. That will be updated as and when it happens.

1.20 PM - Add another 1/3rd here at cmp 8760.. reverse position if 30 min close above 8770 .. risk on this 1/3rd negligible.

14.10 - 30 min candle closed at 8778, cmp 8770. Reverse position (-36 points on first 1/3rd and -10 points on second 1/3rd) with sl 30 min close below 8750 for targets 50-100-150 points. Whipsaws may happen again since it could be a trend reversal zone. But system will keep alerting on trades without any biases.

LOSS 25 PTS

17/2/2017

11 -- Nifty opened at 8885 (hence hitting our target 1 and 2 ie +50 and +100 points) ... remaining position is on hold with SL of 8747 (30 min CB)

PROFIT 100 POINTS ON HALF

18/2/2017

11.05 - Nifty is now at 8944 .. long entry was at 8770 and this trade is now up 175 points on the remaining lots .. multiple lot holders can book another part here while those positions with only one single lot remaining can hold on with SL of 8857 (even if that gets hit profit on the last lot will be be 85 odd points) ...

27/2/2017

9.25 -- Nifty cmp 8936 .. TSL on remaining position on this long trade is now at 8899 (even if hit will be out with 229 points)

28/2/2017

6.30 -- Nifty broke 8899 late yesterday thereby triggering the TSL on the remaining position (ie +220 points)

TRADE CLOSED WITH -

PROFIT OF 100 POINTS ON HALF AND 220 POINTS ON SECOND HALF



Sunday, January 22, 2017

23-1-17 -- 12.00 PM Sell Nifty CMP 8379 SL 8427 TGTs 8310-8250-8220

15.00 -- Index went down upto the open low of 8350 levels after entry at 8379 and bounced from there upon failure to break the open low and is now trading at 8384. The stop loss for this trade now stands updated at 8419 (not much of a change, but TSL as per system has moved lower, hence updated).

19.10 -- The budget is coming up and there is a lot happening in the dollar vis-a-vis other currencies including the rupee and hence the markets could be volatile. The job of this blog is to chronicle trades as per system without any bias and review the performance after a considerably long time of documentation.

24-1-17

10.20 -- SL hit at 8419 ... -40 points ...

LOSS 40 POINTS

Monday, December 26, 2016

12/27/2016 -- 11.10 -- Structure based -- Buy Nifty cmp 7948 with sl below 7890 hourly CB..

14.40 - Nifty cmp 7980, SL on this position can now be moved to breach of 7900..

15.05 - Nifty cmp 8024 .. Book part position here for (+74 pts) and move SL on remaining position to cost ... ie 7948

SL at cost before closing .. trade closed with 74 points.

PROFIT 70 POINTS

Thursday, December 15, 2016

16/12/16 -- 12.30 - risky buy nifty cmp 8139 sl hourly close below 8110 - 29 points risk

19/12/16 -- 9.50 -- Nifty Exit at cmp 8113 (-26 points)

LOSS 26 POINTS

Wednesday, December 14, 2016

12/12/2016
10.05: Again buy signal in Bank Nifty at cmp 18445

13/12/2016
9.35 -- Exit at cmp 18324 (-121 pts) and reverse position if hourly bar closes below 18440

LOSS 125 POINTS

LOSS 125 POINTS

12.15 PM - Sell triggered at 18310 with sl 60 min close above 18500 -- whipsaws continue post Fed - nevertheless documenting signals --

26/12/2016 - 9.20 -- BN cmp 17760, sell triggered on 13/12/16 at 18310 -- book part now  (for +550 points). TSL on remaining position at 17967.

27/12/2016 -- 9.40 -- TSL on the remaining position in BN longs has now moved lower by 44 points more to 17923. (Running profit on remainder of 18310-cmp17625=685 points). Will keep trailing the SL.

-- 11.05 -- Tighten SL further on this position to 17651

TSL hit, complete position exit for + 650 points. Trade closed

PROFIT 550 POINTS


Monday, December 12, 2016

13/12/2016 - 11.00 am - Buy Bank Nifty cmp 18373 SL 18260 - Targets - 18600-18710-18825

11.40 - Risk cutting - move SL on BN long to 30 min close below 18330

14/12/16 - BN went till 18492 yesterday and is now trading at 18400. SL can be now moved to 18347 (30 min close) from the original SL of 18260 (risk reduced by more than 80 points)

14.45 -- BN 12.45 candle made a low of 18330 but closed at 18347.30, hence technically the stop loss is not hit and the trade is still on

9.20 - Exit trade at cmp 18285 (-88 pts)

LOSS 90 POINTS


Thursday, December 8, 2016

Running trade (ALL SPOT LEVELS) : Long Nifty entry @ 8175 CMP 8270 TSL 8226 -- Expected resistances 8300-8330

09/12/16 - 13.20 - TSL now at 8337 .. if hit close position with +62 points 

12/12/16 - Nifty opened at 8193 triggering exit from longs @8180 +5 points (considering no part profit was booked). Wait is on for next entry. 

BREAK-EVEN TRADE